Diversified Trust Co. acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,073 shares of the technology company’s stock, valued at approximately $255,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Guidewire Software by 0.7% during the third quarter. Vanguard Group Inc. now owns 7,765,647 shares of the technology company’s stock valued at $478,209,000 after buying an additional 57,277 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Guidewire Software by 15.7% during the third quarter. Van ECK Associates Corp now owns 2,470,897 shares of the technology company’s stock valued at $152,158,000 after buying an additional 335,358 shares during the last quarter. RGM Capital LLC raised its position in shares of Guidewire Software by 4.1% during the third quarter. RGM Capital LLC now owns 1,525,988 shares of the technology company’s stock valued at $93,970,000 after buying an additional 60,000 shares during the last quarter. Jarislowsky Fraser Ltd raised its position in shares of Guidewire Software by 1.1% during the third quarter. Jarislowsky Fraser Ltd now owns 1,437,181 shares of the technology company’s stock valued at $88,501,000 after buying an additional 16,300 shares during the last quarter. Finally, DF Dent & Co. Inc. raised its position in shares of Guidewire Software by 32.2% during the second quarter. DF Dent & Co. Inc. now owns 1,399,871 shares of the technology company’s stock valued at $99,377,000 after buying an additional 341,273 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on GWRE shares. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Guidewire Software in a report on Tuesday, March 7th. BTIG Research cut their target price on shares of Guidewire Software from $105.00 to $90.00 in a report on Wednesday, December 7th. DA Davidson cut their target price on shares of Guidewire Software from $96.00 to $90.00 in a report on Thursday, December 1st. JMP Securities reaffirmed a “market outperform” rating and set a $95.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Guidewire Software from $60.00 to $72.00 and gave the stock a “hold” rating in a research note on Tuesday, March 7th. Two equity research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $83.09.
Guidewire Software Stock Down 0.1 %
NYSE:GWRE opened at $76.44 on Wednesday. Guidewire Software, Inc. has a twelve month low of $52.08 and a twelve month high of $97.32. The company has a market cap of $6.24 billion, a price-to-earnings ratio of -38.22 and a beta of 1.25. The stock has a fifty day simple moving average of $73.70 and a 200-day simple moving average of $65.36. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.32.
Insider Activity at Guidewire Software
In related news, insider John P. Mullen sold 11,576 shares of Guidewire Software stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $77.17, for a total value of $893,319.92. Following the completion of the sale, the insider now directly owns 131,533 shares in the company, valued at $10,150,401.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Guidewire Software news, insider John P. Mullen sold 11,576 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $77.17, for a total value of $893,319.92. Following the completion of the transaction, the insider now directly owns 131,533 shares in the company, valued at $10,150,401.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via the SEC website. Also, insider James Winston King sold 1,526 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $76.88, for a total transaction of $117,318.88. Following the completion of the transaction, the insider now owns 35,550 shares of the company’s stock, valued at $2,733,084. The disclosure for this sale can be found here. Insiders sold 35,992 shares of company stock worth $2,706,088 over the last three months. 0.17% of the stock is owned by corporate insiders.
About Guidewire Software
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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.
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